Regarding wrong rates applied for stock transfer

Hi Yogesh,

How did you send the goods from branch to another branch. Did you raise an Invoice for the supply and how are you accounting in Tally. How do you adjust the receivable ledger from the branches.

Actually, we have 4 branches and not able to adjust the Sundry Debtors of Branches.

Regards

Sridevi

We are raising Invoice in the name of Branch and entering in Sales ledger. But, the problem is with the receivable amount. Because, from branch we are again billing to customer and the receipt is been taken in customers account. So, the customers sales is nullified.

But, the problem is with Branch sales which is outstanding from July. So, how do you adjust that Sales. Because, ours is Head office and we have to maintain all the Branch accounts also in single tally in single data only. Our ITR is done consolidatedly.

Waiting for you suggestion because you are also following the same procedure.

Thanks

Sridevi

Thanks for th ereply but I just want to know how the receipt for Sales is being adjusted. Because, there will be actually 2 Sales for same product.

1) Our HO raises Sales Invoice in the name of Branch with GST.

2) Our Branch will raise Sales Invoice to customers in that area.

Actually, there will be 2 Sales from one Company for a single product. The payment is received only once i.e., from the customer.

Do you take receipt in the name of customer in the Branch and in the HO accounts, do you pass journal entry against the Sales raised by Branch or do you follow any other option.

Waiting for the reply because our Sundry Debtors outstanding is increasing from months.

Regards

Sridevi